Clovis enters home stretch of its bankruptcy reorganization
BOULDER — Clovis Oncology Inc. has entered the final stages of its Chapter 11 bankruptcy reorganization.
Delaware Bankruptcy Court Judge J. Kate Stickles accepted the third revision of the Chapter 11 plan on Friday. The move means that secured claims will be paid, and unsecured claims will be paid at a level not worse than what they would have gotten if the company had liquidated.
Clovis filed for bankruptcy court protection on Dec. 11, 2022. At that time, it had given notice that it defaulted on a loan Dec. 1. It listed $319 million in assets and $754.5…
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